Hughes puts stamp on Apollo funds with call on European growth

Ryan Hughes is planning to increase exposure to Europe in the Apollo multi-asset portfolios in one of his first asset allocation moves since joining the firm.

Hughes started at Apollo Multi Asset Management in October to work across the group’s four multi-asset portfolios. He said a key trade for the coming months will be to move away from the fully valued, global blue chips and instead tap in to Europe’s domestic growth story. “We are most interested in Europe from a top-down level. It has been so unloved for so long that it is easy to get hung up on the macro and forget there are good businesses there. With Draghi’s reassurances to markets, now is a good time to look,” he said. “What is key is the right type of exposure. The global, qu...